Truist analyst Brandon King raised the firm’s price target on Regions Financial (RF) to $26 from $25 and keeps a Hold rating on the shares as part of a broader research note recapping Q3 results for Community/Regional banks. The firm is citing the company’s slightly higher net interest income and higher fees, offset by partially higher expenses, also noting that the net interest income trajectory remains relatively intact with net interest margins marching toward 3.6% by Q4 of 2025 – consistent with management expectations, the analyst tells investors in a research note.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RF:
- Regions Financial price target raised to $24 from $22 at Wells Fargo
- Regions Financial price target raised to $25 from $22 at Barclays
- Options Volatility and Implied Earnings Moves Today, October 18, 2024
- Regions Financial Reports Strong Q3 2024 Performance
- Regions Financial reports Q3 EPS 49c, consensus 53c